Chorus Aviation Inc to Post FY2017 Earnings of $0.98 Per Share, Cormark Forecasts (CHR)
Chorus Aviation Inc (TSE:CHR) – Research analysts at Cormark raised their FY2017 earnings per share estimates for Chorus Aviation in a research report issued on Monday. Cormark analyst D. Tyerman now anticipates that the company will post earnings of $0.98 per share for the year, up from their previous estimate of $0.97. Cormark also issued estimates for Chorus Aviation’s Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.30 EPS, FY2020 earnings at $1.01 EPS and FY2022 earnings at $0.84 EPS.
A number of other brokerages have also commented on CHR. Royal Bank of Canada decreased their price objective on shares of Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating on the stock in a report on Thursday, November 9th. CIBC increased their price objective on shares of Chorus Aviation from C$8.75 to C$9.50 in a report on Friday, October 13th. Finally, Scotiabank increased their price objective on shares of Chorus Aviation from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Six research analysts have rated the stock with a buy rating, Chorus Aviation presently has a consensus rating of “Buy” and a consensus target price of C$9.96.
Chorus Aviation (TSE:CHR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported C$0.39 EPS for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.13. Chorus Aviation had a net margin of 4.02% and a return on equity of 38.57%.
In other Chorus Aviation news, insider Scott Tapson sold 15,200 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of C$9.75, for a total transaction of C$148,200.00. Also, insider Colin Copp sold 24,100 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of C$9.80, for a total transaction of C$236,180.00. Over the last 90 days, insiders have sold 160,846 shares of company stock worth $1,573,711.
Chorus Aviation Company Profile
Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.
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